Labour could deliver fixed rate mortgages for the life of a loan https://www.taxresearch.org.uk/Blog/2024/07/13/labour-could-deliver-fixed-rate-mortgages-for-the-life-of-a-loan%e2%80%8a/ Labour could demand that every mortgage provider in the UK should have a fixed rate mortgage for the rest of a loan's life available to borrowers so that never again should people be caught out on the whim of the Bank of England. It would cost Labour nothing but it would provide certainty to millions of people's lives.
@RichardJMurphy What’s stopping lenders from offering such a product now, if it would be as popular as you suggest? If borrowers truly value such certainty then surely there would be a competitive advantage to offering such a product without the need for government intervention?
